StockBullz.com

Looking at the Venture Exchange's chart for the past 6 months, it really has been a good ride.

I hate calling downturns because they are so hard to call but it seems to me like we might have a little one still for a week or two.

Just looking at the commodities themselves, Gold recently hit around $730, Silver over $15, and Copper over $4.

These are massive gains all around and we all know that everything doesn't go straight up. It goes up for a while then retreats a little, only to move past its previous high.

So there could be an ~10% correction in many markets over the coming week or two.

Of course I can't predict the future but that is just what the charts are showing me. They aren't always right but many times they are.

This doesn't mean to liquidate all your positions and hold cash. It simply means to keep your eyes open to new buying opportunities. Always keep in mind (during a bull market) these two phrases:

1. Buy on the Dips

2. Sell into Strength, Buy into Weakness

Warren Buffett used to be the King of Investing. Used to?

Well he hasn't been able to achieve his market beating returns for a while now so that's why I am using that terminology.

Anyways, he has an annual shareholder's meeting that is very popular. It was held over the past weekend. Here are some of his comments:

On the real estate bubble

Buffett: "What we see in our residential brokerage business [HomeServices of America, the nation's second-largest realtor] is a slowdown everyplace, most dramatically in the formerly hottest markets. [Buffett singled out Dade and Broward counties in Florida as an area that has experienced a rise in unsold inventory and a stagnation in price.] The day traders of the Internet moved into trading condos, and that kind a speculation can produce a market that can move in a big way. You can get real discontinuities. We've had a real bubble to some degree. I would be surprised if there aren't some significant downward adjustments, especially in the higher end of the housing market."

The whole market isn't doing very well but Anglo Canadian is doing even worse. It looks like a sell to me.

I was in it but sold out a couple days ago at a small loss.

It went up all the way to $0.88 but now it's half that price so it seems to me like there might be better places to park your money right now.

This was always a pure speculation and sometimes they don't pan out. I was waiting for the gold spinoff but it seems like it will take much longer than I expected.

Now of course to sell on a down 9% day may not be the best thing to do because this stock is very volatile up and down but until something changes the trend is down in my opinion.

This stock will eventually do good but I think we have to hit somewhere between $0.20 and $0.30 before it might become a buy again. 

Cameco, the world's largest uranium producer, recently released its 2005 annual report. Being a person greatly interested in the uranium sector, I have begun to read this 104 page masterpiece.

Here are some of the highlights I would like to pass along to you:

What news or events in 2006 would represent a major breakthrough for the nuclear industry?

[CEO's answer]The last year was distinguished by a number of astonishing developments in the world of nuclear energy – developments that set the stage for additional breakthroughs in 2006.

Countries representing over one-half the world's population are now building new nuclear power plants, and several others without the benefit of nuclear energy are planning for them. China and India are notable with their aggressive building programs to meet insatiable energy appetites. Energy legislation passed in the United States last August recognized, for the first time at a national level, the clean air benefits of nuclear energy and provided the encouragement to jump-start the construction of a new generation of nuclear plants. And, remarkably, several icons of the environmental movement abandoned their anti-nuclear dogma and came out strongly in favour of an accelerated nuclear construction program to mitigate the consequences of global warming.

As most of you know, I recently built and set up latesturanium.com.

This site is the best resource for any serious uranium investor who wants to compare all the uranium companies out there.

And trust me, there are lots. The funny thing is that although I have 123 listed as of now, almost every day I add one or two more.

In the last 3 days I have added 6 news stocks: cbp.v ore.v fsy.v xe.v iea.v ufm.v

And I have a very good feeling that I will continue to add a couple new uranium stocks every week.

Before our nice commodity bubble is done, I suspect I will have at least 300 uranium companies on my site.

The quantity will be there, but will all these juniors thrive or at least survive?

Nope. Peter Grandich, in a recent interview said that only 1 out of 10 resource juniors will still be around after the boom. And I think he's right.

What does that mean for us uranium investors? Well it means that we can speculate in all these penny stocks with interesting names but we will eventually have to take profits.